Note 17 - Average Share Information

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

17. Average Share Information

The following table reconciles the denominators of the basic and diluted net income per common share computations for the periods indicated (dollars in thousands, except per share data).

	For the years ended December 31,
	2014			2013			2012
Basic net income (loss) per common share
Net income (loss) applicable to common shareholders	$	9,355		$	27,731		$	(1,864	)
Undistributed earnings allocated to participating securities		(61	)		(248	)		-
Net income (loss) allocated to common shareholders	$	9,294		$	27,483		$	(1,864	)
Weighted average basic common shares		12,696,777			12,658,752			12,639,379
Basic net income (loss) per common share	$	0.73		$	2.17		$	(0.15	)
Diluted net income (loss) per common share
Net income (loss) applicable to common shareholders	$	9,355		$	27,731		$	(1,864	)
Undistributed earnings allocated to participating securities		(61	)		(248	)		-
Net income (loss) allocated to common shareholders	$	9,294		$	27,483		$	(1,864	)
Weighted average basic common shares		12,696,777			12,658,752			12,639,379
Dilutive potential common shares (1)		65,108			-			-
Weighted average diluted common shares		12,761,885			12,658,752			12,639,379
Diluted net income (loss) per common share	$	0.73		$	2.17		$	(0.15	)

(1) Includes dilutive impact of restricted stock and stock options, as applicable

No potential common shares were included in the computation of the diluted earnings per common share amount for the year ended December 31, 2013 since application of the two-class method of computing earnings per common share resulted in greater dilution as compared to applying the treasury stock method for restricted stock. No potential common shares were included in the computation of the diluted loss per common share amount for the year ended December 31, 2012 as inclusion would be anti-dilutive given the Company’s net loss during the period.